Cyprus

Cyprus is a Low tax and Secrecy Jurisdiction specifically targeting Russian and Eastern European companies.

Cyprus offers a low flat corporate tax rate, 12,5%, strict privacy laws and geographic proximity to Europe and Russia.

Cyprus have participated in the Automatic Exchange of Financial Information in Tax Matters program since 2017.

Special corporate tax incentives

Cyprus’ IP box rules was changed in October 2016 and the list of the qualified IP incomes no longer contains income from patents or trademarks. On qualified income 80% is exempted after deducting the real expenses, giving an effective tax rate of 2.5% or less.

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Cases involving Cyprus

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